Settlement Class Representative Incentive Awards Sample Clauses

Settlement Class Representative Incentive Awards. (a) Lead Counsel and Class Counsel may petition for Incentive Awards for the Settlement Class Representative. Any such petition shall be filed no less than thirty (30) days prior to the Final Approval Hearing or the date set by the Court. (b) Any Incentive Awards approved by the Court in conjunction with the Settlement shall be paid from the QSF and shall reduce only the amount of the Gross Settlement Amount payable to the Settlement Class Members, not the Net Settlement Amount. Incentive Awards to the Settlement Class Representative shall be in addition to his payments that the Settlement Class Representative shall receive as a member of the Settlement Class. Any Incentive Award shall be distributed by the Claims Administrator in separate checks mailed within twenty (20) days after the Effective Date and shall be reported by the Claims Administrator to state and federal taxing authorities as non-wage income on IRS Form 1099. (c) Subject to Court approval, Class Counsel may seek, and Rite Aid will not oppose, an Incentive Award of up to seven thousand five hundred dollars and no cents ($7,500.00) to Settlement Class Representative Yatram Xxxxxxxx. Settlement Class Representative shall also receive a separate award for a release of all of his individual claims, including but not limited to, the claims asserted in the Action asserted in the Amended Complaint, for which he will execute a separate general release of claims at least twenty (21) day prior to the Final Approval Hearing that is not subject to Court approval. In the event that the Final Judgment is reversed or modified on appeal, or if the Effective Date does not occur, or if the Settlement Agreement is otherwise terminated pursuant to the provisions of this Settlement Agreement, or denied Preliminary or Final Approval by the Court, then Settlement Class Representative’s separate release of his individual claims and Rite Aid’s obligation to make the payment will not be binding upon the parties and will be null and void.
Sample 1
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Settlement Class Representative Incentive Awards. 118. BPNA agrees to pay, subject to the Court’s approval, an aggregate Incentive Award of ten thousand dollars ($10,000) for all Plaintiffs. Any Incentive Awards are to be paid from the Settlement Fund and are in addition to each Plaintiff’s Settlement Distribution. Notwithstanding anything herein, the Court’s failure to approve, in whole or in part, the Incentive Awards sought by Settlement Class Counsel will not prevent the Agreement from becoming effective, nor will it be grounds for termination. If Court declines to approve, in whole or in part, any Incentive Awards in the amounts set forth above, or at all, the remaining provisions of this Agreement will remain in full force and effect. The Parties negotiated this agreement regarding any Incentive Awards only after reaching agreement on all other material terms of this Settlement.
Sample 1
Settlement Class Representative Incentive Awards. (a) Lead Counsel and Settlement Class Counsel may petition for Incentive Awards for the Settlement Class Representatives. Any such petition shall be filed no less SETTLEMENT AGREEMENT than thirty (30) days prior to the Final Approval Hearing or the date set by the Court. (b) Any Incentive Awards approved by the Court in conjunction with the Settlement shall be paid from the QSF and shall reduce the amount of the Gross Settlement Amount payable to the Settlement Class Members. Incentive Awards to Settlement Class Representatives shall be in addition to their respective payments that the Settlement Class Representatives shall receive as members of the Settlement Classes. Incentive Awards shall be distributed by the Claims Administrator in separate checks mailed within ten (10) days after the Effective Date and shall be reported by the Claims Administrator to state and federal taxing authorities as non-wage income on IRS Form 1099. (c) Subject to Court approval, the Settlement Class Counsel may seek, and Rite Aid will not oppose, Incentive Awards of up to seven thousand five hundred dollars ($7,500) to Xxxxxxx Xxxxx and up to five thousand dollars ($5,000) each of the other Settlement Class Representatives.
Sample 1

Related to Settlement Class Representative Incentive Awards

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Performance Incentives As a bonus, to supplement Assistant Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Assistant Coach knew or should have known. Assistant Coach must also complete the _________ [insert sport] season as an Assistant [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Assistant Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Award Distribution In the event Lessor accepts Lessee's offer to purchase the Leased Property, or to substitute a new property for the Leased Property, as described in clause (b) of Section 15.4, the entire Award shall belong to Lessee provided no event of default is continuing and Lessor agrees to assign to Lessee all of its rights thereto. In any other event, the entire Award shall belong to and be paid to Lessor, except that, if this Lease is terminated, and subject to the rights of the Facility Mortgagee, Lessee shall be entitled to receive from the Award, if and to the extent such Award specifically includes such items, the following: (a) A sum attributable to the Capital Additions for which Lessee would be entitled to reimbursement at the end of the Term pursuant to the provisions of Section 10.2(c) and the value, if any, of the leasehold interest of Lessee under this Lease; and (b) A sum attributable to Lessee's Personal Property and any reasonable removal and relocation costs included in the Award. If Lessee is required or elects to restore the Facility, Lessor agrees that, subject to the rights of the Facility Mortgagees, its portion of the Award shall be used for such restoration and it shall hold such portion of the Award in trust, for application to the cost of the restoration.

  • Equity Incentive Awards The Executive shall be eligible to receive grants of equity-based long-term incentive awards, which may include options to purchase Company stock, performance or restricted stock units and Company restricted stock contributions to Company’s deferred compensation plan, or other equity-based awards. Such awards shall be determined in the discretion of the Board and the Executive shall be eligible for consideration for such awards in the same manner as other senior executive officers of the Company. In the event of a Change of Control in which the surviving or acquiring corporation does not assume the Executive’s outstanding equity-related awards (including options and equity-based awards granted both before and after the Effective Date) or substitute similar equity-related awards of substantially equivalent value, such equity-related awards shall immediately vest and become exercisable if the Executive’s service with the Company has not terminated before the effective date of the Change of Control; provided, however, that the foregoing provision shall only apply if the Company is not the surviving corporation or if shares of the Company’s common stock are converted into or exchanged for other securities or cash.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Incentive Awards a) The Executive shall participate in the Company's annual incentive plan for senior-level executives as in effect from time to time, subject to the performance standards set by the Compensation Committee. Payment of any annual incentive award shall be made at the same time that such awards are paid to other senior-level executives of the Company. The Executive's annual incentive award target shall be set by the Compensation Committee. b) The Executive shall be eligible to receive grants under the Company's long-term incentive plans as in effect from time to time; provided, however, that the size, type and other terms and conditions of any such grant to the Executive shall be determined by the Compensation Committee.

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